June Dow Jones futures traded below the prior swing low on June 8th. The market was trading out of a three -wave continuation pattern and the new low suggested a continuation of the downward trend. However, the market stalled and began to erase all the daily losses and finally closed above the previous low close and at the… read more
Tag Archives: swing trading strategies
Swing Trading Strategy – How “action – reaction” projected the major reversal in Cotton. [chart]
July Cotton – Short from 81.10 – Exit price @ 76.75 – Hit the Target! Cotton broke out of a three-point zigzag pattern o n May 27th. The market had just retested the upper parallel line and closed at the low of the daily price range. This failure signaled the end of the consolidation and… read more
Swing Trading Strategies – How to indentify a market ready to make a major price move. [chart]
August Gold – Gold offers another great example of the “energy coil” in action. A short-term reaction swing had formed between May 31st and June 3rd when Gold posted two consecutive lower closes and tested the lower up-sloping parallel line and 20–day EMA support. The reaction swing occurred inside the longer-term reaction seven-day reaction swing… read more
Best Swing Trading Strategy for finding the “sweet spot” in the market – by John Crane
This is excerpt from the TMV Swing Trade report written on Thursday, June 3rd, after the buy recommendation was issued for the July Natural gas. July Natural gas – Long from 4.4235 – last price @ 4.698 – July N-gas began to consolidate into a choppy sideways trading pattern in late March. The market stayed inside… read more
Swing Trading strategy – Gap-N-Go pattern triggers strong buy in Crude oil. [chart]
In the May 27th (Thursday) issue of the TMV Swing Trading report, I recommended buying the July Crude oil on a pullback to 70.80. The market had closed at 71.51 after confirming a bullish Gap-N-Go pattern. Crude dipped down to 70.67 early in the following session, where it triggered the buy signal before turning higher and staging a… read more
Swing Trading Strategies – Predicting the low in the Dow Jones by John Crane. [chart]
The Dow Jones futures continue to rally off the May 25th reversal swing date after closing lower on Wednesday. After making a corrective rebound into the 60% sell window on May 13th, the market turned lower and resumed the downward trend. The May 13th high was the final pivot of a bearish TC pattern (trend continuation)… read more
Swing Trading Strategies intra-day using “action-reaction” by John Crane. [chart]
Most of my posts are about swing trading strategies using daily charts. Therefore, I am often asked if the “action-reaction” method can also be used when daytrading. Yes, it can. This 3-minute chart, of the June Eurocurrency, offers a great example of “action-reaction” at work intra-day. Between 7:48 a.m. and 7:54 a.m. (MST) on the… read more
Swing Trading Strategy – Price action suggests Coffee may have bottomed and ready to rally. [chart]
July Coffee traded to a low of 130.60 before reversing and rebounding sharply off the lower parallel line. This price action suggests the market may be in a trend shift and ready to rally off the recent pivot low. Coffee rallied over 100 points off the low, leaving good separation for the low. This is an… read more
Swing trading signals – How will the Soybeans react after reaching target objective on predicted reversal swing date? [chart]
Twenty days after posting a high near the April 21st reversal date, July Soybeans reached the up-sloping reaction target line. The daily low of $9.31 tested the reaction line before finding support and rebounding to unchanged. This completes the five-wave cycle as the Soybeans reach the target objective–projected two weeks in advance–on the projected reversal date. While the… read more
Swing trading strategies – What does “action-reaction” tell us about the next move in the Eurocurrency? [chart]
The June Eurocurrency posted pivot highs of the April 15 and May 3rd reversal swing dates. Both dates marked the end of the corrective bounce and triggered a bearish reversal, followed by a lower market. The euro also posted a 570 point rally, during the two session following the May 6th reversal date. Since then,… read more